#shipping
Container rates rocket even higher — and there’s no end in sight
Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating. Different indexes come up with dif...
Inside container shipping’s COVID-era money-printing machine
It’s a seemingly basic shipping formula: Liners operate a fleet of container vessels, whether owned or chartered, with total capacity measured in twenty-foot e...
Shipping snarls may last well into 2022
The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about w...
Teleport converts two A320s into air freighters
KUALA LUMPUR: AirAsia Group Bhd's cargo and logistics unit Teleport has operated its maiden freighter flight with a dedicated B737-800F aircraft, reinforcing its...
Maersk's ‘technical challenges’ with booking system not a cyber-attack
Maersk Line has confirmed that a failure of its booking systems was not due to a cyber-attack, but rather the result of a technical failure. The Danish carrier&rs...
Higher Shipping Fees Hurt Smaller Firms
Vietnamese exporters are struggling to send goods abroad despite high demand because of a nearly five-fold year-on-year surge in container shipping costs. Shipping...
South Korea opens new container shipping route to Vietnam
On May 24, Incheon Seaport Corporation announced that it has begun operating a new container route from Incheon port to ports in Thailand and Vietnam. Notably, th...
Suez Canal Authority Open to Negotiation on Ever Given
CAIRO, May 25 (Reuters) – The Suez Canal Authority (SCA) said on Tuesday it was still open to negotiating with the owners of a giant container ship which block...
Japanese Shipping Companies Looking For Suez Canal Alternatives
As the legal battle regarding the Ever Given ship grounding in the Suez Canal continues, Japanese Shipping Companies are planning to reduce the use of the Suez Canal...
Suez accident: Japanese shippers look for new ways to Europe
Japanese shipping companies are looking to reduce their reliance on the Suez Canal. They are stepping up their search for an alternative route connecting East Asia t...
Forecast Warns Link Between Container Traffic and Global Economic Growth Could Decline in Recovery
By Gavin van Marle (The Loadstar) – As economies continue to rebound, global container trade is expected to grow by 5.8% this year, according to a...
Container Ship That Caught Fire Off Monterey Coast Being Towed to Bay Area
OAKLAND (CBS SF) — A container ship that caught fire last week off the Monterey coast is being towed to the Bay Area with the goal of eventually berthing the b...
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Inflation alert:Container shipping rates just spiked (again)
The headlines last August and September blared: “Trans-Pacific rates are going crazy.” “Rates are on fire.” “Records shattered.”...
Yokohama crowned worlds most efficient container port
The Japanese port of Yokohama has been crowned as the world’s most efficient box facility in a new study launched by the World Bank and data firm IHS Markit. A...
A Summer Of Sold-out Ships Awaits As Sea Cargo Chaos Intensifies
Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhau...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
09 Agustus 2024